Bayleys Funds and Investment Products - Previous Offers
Centuria Bass NZ First Mortgage Fund No. 4
Offer open date: 12 February 2024
Manager: Centuria Bass Credit NZ (Centuria Bass Credit is the commercial real estate lending arm of Centuria Capital Group, a leading Australasian property funds manager with over $21.1 billion of assets under management. They have a strong track record with over 100 real estate debt investment offerings made, with all exited deals having returned the original forecast return to investors, or above).
Centuria Bass NZ First Mortgage Fund No. 4 was a real estate debt investment opportunity that offered investors a 10% p.a. forecast pre-tax return* and a 12-month investment term**, with investors’ funds used to refinance a land bridge loan to borrowing entities associated with Thames Pacific, a reputable New Zealand property developer. The $12.88 million first mortgage loan facility was secured by two well located properties on the Kapiti Coast with a total 'as is' valuation of circa $35.95 million, providing a offered a conservative loan to value ratio of 35.8%.
This offer saw very strong interest and closed oversubscribed.
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*Target return of 10.0% per annum net of all fees, with the return and the initial investment repaid at maturity of the Bridge Loan. The return is calculated on a pre-tax internal rate of return of return basis (IRR).
**Expected term is approximately 12 months (391 days from the allotment date of 18 March 2024), however the loan may be extended (as described in the Investment Memorandum).
The offer is being made by Centuria Bass NZ Financial Services Limited. The full details of this investment opportunity are set out in the Investment Memorandum, which you can find at centuria.co.nz/cbnzfm4. We advise all potential investors to read the Investment Memorandum carefully and ask questions before investing. The Investment Memorandum is not a product disclosure statement, offering document or other form of disclosure document under New Zealand law (or any other law) and may not contain all the information which would be required to be disclosed in such a document or which investors may require to make an informed investment decision. As the offer is only being made to persons who are 'wholesale investors' within the meaning of clause 3 of schedule 1 of the Financial Markets Conduct Act 2013 (FMCA), the Offer is not a regulated offer and is not an offer of financial products that requires disclosure under Part 3 of the FMCA.
You should undertake your own independent review, investigation and analysis of the offer and obtain any taxation, legal, financial or other professional advice in relation to the offer as appropriate in your circumstances. The selling agents are not providing personalised advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available at syndications.co.nz. Should you invest in the Fund commission will be payable to Bayleys Real Estate from Centuria Bass Credit.
Nothing in this advertisement constitutes an offer to subscribe for, or an offer of securities or financial products to any person, in any country, in which it would be unlawful to do so. Terms used in this advertisement have the same meaning as defined in the Investment Memorandum, unless the context suggests otherwise.
Financial Advice Provider Group Limited (FSP773191) holds a licence issued by the Financial Markets Authority to provide financial advice. Bayleys Real Estate Limited (FSP773133) is authorised by that licence to provide financial advice.
The content of this website is general in nature - it is not intended to be financial advice and should not be relied on when making your investment decisions.
Before deciding whether to invest in any financial products available through Bayleys Real Estate Limited, you should obtain independent financial advice that takes account of your personal financial goals and circumstances.
Bayleys Real Estate Limited cannot provide you with any such independent financial advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available here. No person including Bayleys Real Estate, our Financial Advisers (selling agents), or the manager of the scheme, guarantees or promises any return to investors.
Should you wish to make a complaint, further information is available here.